Cautious RBI likely to hold rates amid inflation and global risks
· livemint.com
The RBI governor has reiterated that the central bank’s primary mandate is inflation control. India’s retail inflation has risen steadily to 4.4% in June from 2.7% at the start of the year. There are concerns around volatile crude oil prices and their impact on India’s fuel and overall inflation.
Deficient monsoon so far has also raised concerns about food inflation. Food inflation rose to 5.1% in June and is likely to increase further in the coming mont...